Thread by @charles_gaba

📣 For those wondering, re. @LaurenUnderwood's example of a family of four saving $8,000/year in premiums: It's actually conceivable that a family earning slightly more than the current subsidy cut-off (around $105,000/yr) could save as much as $24,000/year. That's not a typo. 1/

https://twitter.com/LaurenUnderwood/status/1366523939908894723

The actual current income threshold for a family of 4 is a bit higher than the $100K figure she mentioned (it's $104,800 this year, $106,000 in 2022), but otherwise she's actually *understating* the potential savings by using a rough national average. 2/

ON AVERAGE NATIONALLY, a 40-yr old couple with 2 children age 12 & 10 earning $105K this year would save $610/month or $7,300/year.

In Lapeer County, MI the same family would save $4,600/yr.

In Kay County, OK the same family would save a whopping $2,000/month. 3/

Here's 8 examples of how much various households would save on average from @LaurenUnderwood's bill, #HR369 (a 2-yr version is baked into the #AmRescuePlan, but the standalone version would make this permanent). #KillTheCliff #UpTheSubs
acasignups.net/21/02/04/aca-2…

However, it's not just the middle class who would save. Right now, the same family earning $50,000/year pays an average of $250/mo for a benchmark ACA plan thanks to the existing subsidy structure.

Under #HR369, they'd only pay $100/mo, saving an additional $150/month.

In fact, under #HR369, families earning less than 150% of the federal poverty level would pay NOTHING in premiums for the benchmark plan, as well as having low out of pocket expenses.